Zero-Knowledge Proof (ZKP)

DeFi

A Zero-Knowledge Proof is a remarkable cryptographic technique that allows one party — the prover — to convince another party — the verifier — that they know a certain piece of information or that a certain statement is true, without revealing the information itself.

A Zero-Knowledge Proof is a remarkable cryptographic technique that allows one party — the prover — to convince another party — the verifier — that they know a certain piece of information or that a certain statement is true, without revealing the information itself. In other words, you can prove you know a secret without ever disclosing what that secret is.

This sounds paradoxical at first, but the mathematics behind it are well-established and have been studied since the 1980s. In the blockchain context, ZKPs are used to verify that a set of transactions are all valid according to the rules of the network, without the verifier needing to re-execute or even see the details of each individual transaction. The proof is compact — often just a few hundred bytes — and can be verified in milliseconds, even though the underlying computation it certifies might represent thousands of transactions. Beyond scaling, ZKPs also have powerful privacy applications: they can allow someone to prove they are over 18 without revealing their actual birthdate, or prove they have sufficient funds without disclosing their exact balance.

Example: Imagine you want to prove to a bouncer that you are old enough to enter a club, but you don’t want to show your full ID with your name, address, and exact birthdate. A Zero-Knowledge Proof would be like a magic credential that simply says “this person is over 21” — verified by a trusted authority — without revealing any other personal details. The bouncer gets the proof they need; you keep your privacy.

Top tokens on ethereum

  • USDC
    USDCUSD Coin
    $1.00$1.76B
  • DAI
    DAIDai Stablecoin
    $1.00$1.17B
  • USDT
    USDTTether USD
    $1.00$671.90M
  • WETH
    WETHWrapped Ether
    $2.46K$338.76M
  • USDS
    USDSUSDS Stablecoin
    $1.00$208.52M
  • WBTC
    WBTCWrapped BTC
    $78.93K$81.46M
  • PYUSD
    PYUSDPayPal USD
    $1.00$77.93M
  • ETH
    ETHEther
    $2.46K$55.60M
  • crvUSD
    crvUSDCurve.Fi USD Stablecoin
    $1.00$53.44M
  • reUSD
    reUSDRe Protocol Deposit Token
    $1.10$39.87M